3rd Jan 2020 11:18
(Alliance News) - Idox PLC on Friday said that Kestrel Partners LLP purchased shares worth GBP171,500 in a transaction on Thursday.
Non-Executive Director Oliver Rupert Andrew Scott is a partner of Kestrel and a shareholder in one of Kestrel's clients, Kestrel Opportunities.
The investment management firm bought 500,000 Idox shares at a price of GBP0.343 per share.
Idox shares were trading 3.6% higher at 36.40 pence per share on Friday morning in London
Following the transaction, Kestrel Opportunities holds 33.5 million shares in Idox.
On a combined basis, Kestrel Partners LLP holds voting rights over 46 million Idox shares, representing a 10.4% stake in the Theale, England-based enterprise software company.
By Ife Taiwo; [email protected]
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